FALKLANDS oil and gas explorer Rockhopper Exploration said yesterday its Sea Lion discovery was larger than thought after analysis on new seismic data, further boosting hopes for the region.
Faroe-based oil and gas explorer and producer Atlantic Petroleum has been given approval to develop the Blackbird field by the Department for Energy and Climate Change.
Tullow Oil completed its first day trading on Ghana's Stock Exchange yesterday, more than doubling the entire market capitalisation of the exchange.
North-east oil and gas explorer Xcite Energy has told the UK Government that it would be impossible for a surface oil spill to happen at its Bentley field.
BG Group said yesterday that production from the first permanent floating production vessel on the Tupi field in block BM-S-11 in the Santos Basin, offshore Brazil had begun.
Rockhopper Exploration said yesterday it had raised £48.5million before expenses in a share placing.
Oil and gas explorer Serica Energy said yesterday it expected to get the go-ahead later this year for developing the North Sea Columbus gas-condensate field.
FALKLAND Oil and Gas (FOG) said yesterday it had conditionally raised about £7.6million in a placing of shares with certain directors and institutional investors to help to fund capital expenditure on long-lead drilling equipment and general costs until 2010-11.
OIL and gas explorer Serica Energy - which is listed in both London and Toronto - expects its first revenue of £2-£2.7million a month from the Kambuna gas field offshore Indonesia from June.